Whether you work in the gig economy or are the recipient of a cash gift from a relative, you need to know if and how to report that money to the IRS. There are different rules and reporting ...

Text Callout : Key Takeaways - 7 Tax Rules to Know if You Give or Receive Cash Whether you receive cash tips as part of your ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. For many foreign individuals, the revelation that they could be ...

Americans receving year-end bonuses or gifts may be suprised at how small it is. Here's why it may have shrunk.

Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

For 2023, the annual gift tax exemption is $17,000, up from $16,000 in 2022. This means you can give up to $17,000 to as many people as you want in 2023 without any of it being subject to the federal ...

This could result in (or add to) your estate being charged inheritance tax. In most cases this will be paid from your estate ...

Savers in their droves were panicked into pulling tax-free cash out of their pensions before the Budget for fear of a clampdown on the perk. Rumours of a raid were finally quashed some weeks before ...